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What Explains the Success or Failure of Structural Adjustment Programmes? Author info | Abstract | Publisher info | Download info | Related research | Statistics Dollar, David
Svensson, Jakob
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This paper analyses the causes of success or failure of adjustment programmes, using a new database on 220 reform programmes. We find that the success or failure of reform depends on domestic political-economy forces. A few donor-effort variables are also highly correlated with the probability of success. However, once these effort variables are treated as endogenous, there is no relationship between any of them and the success or failure of reform. These results have clear implications for how the international community should approach policy-based aid.
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Article provided by Royal Economic Society in its journal The Economic Journal .
Volume (Year): 110 (2000)
Issue (Month): 466 (October)
Pages: 894-917
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Handle: RePEc:ecj:econjl:v:110:y:2000:i:466:p:894-917Contact details of provider: Web page: http://www.res.org.uk/ More information through EDIRC
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